Zanzibar. The reconciliation agreement signed on Thursday, July 9, 2026, by the Zanzibar government, the ruling CCM and the opposition ACT-Wazalendo is expected to strengthen investor confidence, improve the business climate and support the Isles' ambition of becoming a regional hub for trade, tourism and maritime services.
Leaders from both sides said the accord extends beyond political reconciliation, arguing that lasting peace and stable governance are critical to attracting investment, expanding businesses and creating jobs in an economy driven largely by tourism, trade and services.
Speaking after the signing ceremony, Zanzibar President Dr Hussein Ali Mwinyi said political stability was the cornerstone of economic transformation, noting that investors and development partners seek confidence in governance, institutions and the rule of law before making long-term commitments.
He said the agreement marked the start of a broader process to address governance and electoral challenges while creating conditions for sustainable development.
"Zanzibar needs a stable political environment, strong institutions and good governance if it is to realise its ambition of becoming a leading centre for trade, tourism and transport services," Dr Mwinyi said.
